Why is MRF falling/rising?

As of 11-Jul, MRF Ltd. is experiencing a slight increase in its stock price, currently at Rs 148,570.20, reflecting a rise of Rs 220.2 or 0.15%. The stock is trading close to its 52-week high, just 2.01% away from Rs 151,552.3, and has outperformed its sector by 0.63% today. Over the past week, MRF has shown a positive return of 3.13%, and it has consistently outperformed the benchmark Sensex, which has declined by 1.12% during the same period. The stock has also demonstrated strong long-term growth, with a 14.24% return over the past year, significantly surpassing the Sensex's 3.26% return. However, there has been a decline in investor participation, as evidenced by a 6.41% drop in delivery volume compared to the 5-day average.
In the broader market context, MRF's recent performance stands out, particularly given its substantial market cap of Rs 62,917 crore, making it the largest company in its sector and accounting for 35.88% of the industry. The stock's low debt-to-equity ratio and healthy long-term growth, with net sales increasing at an annual rate of 11.63%, contribute positively to investor sentiment. Furthermore, high institutional holdings at 29.76% indicate confidence from more sophisticated investors, which may bolster the stock's stability and growth potential. Overall, MRF's ability to generate market-beating returns in both the short and long term, despite a slight dip in trading volume, suggests a resilient performance in a challenging market environment.